“First rule of trading … don’t hand it back by doing stupid shit!”
An absolute piece of garbage trading day … “Flying Wedge of Death” [FWD] inside
a ridiculously low daily range does not make Jack a happy camper … however, what
Jack knows, is that doing stupid shit by chasing stocks up & down is worse
… welcome to today … the DAX30 today, a 50 index point range … good grief, how
pathetic is that? … the DOW30 not much better.
Gold for its part getting “monkey hammered” cuz everybody figured out interest
rates are about finished being cut by Spicoli & crew, but other than that it’s pretty
dead across the board.
Quite frankly, I’m at a loss for words watching this slow motion clusterfark FWD
play out today in the DOW30 … trust me, overnight it was worse in the DAX30,
looking for algorithm buy signals for the Turnkey PAMM / MAM that couldn’t go
anywhere of substance up or down… can’t rally much, can’t break much
… spikes from hell are there, but they don’t go anywhere, and with no real
trading action, the algorithm buy signals are hard to come by … well, it is what
it is.
Algorithms from the trading course, especially the M1 Scalpers algorithm, are
designed for low risk, high return in volatile markets, and the goal is to achieve
in excess of 50+% per annum return … if markets stay active and volatile, it could
be more, and if not it could be less … but this is the benchmark we’re looking for
… so for today, VIX being barely alive, there isn’t anything here to hang your hat
on, and the FWD makes things worse … today’s range so far in the DOW30, barely
50% of the 20 Day Range MA, and it’s getting worse by the day and week.
Some important crypto news tomorrow … I can’t take another second of this crap
today … until tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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